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4 hours ago
Monday, February 28, 2011
Oil Could Go Under 90 & Maintain It's Bullish Trend
Notice the uptrend holding clear under 90 out clear into early May. If Libya cools down we could see a quick 7-9 point profit taking run, if not we go over 105.
Refer back to my prior chart this morning highlighting a weekly chart break out.
Refer back to my prior chart this morning highlighting a weekly chart break out.
If Mid East Tensions Ease, Will Crude Hold 97? (USO)
I feel if the tensions keep up in the mid east and specifically Libya we could see 105 a bbl oil very quickly.. If they easy 97 will go first followed by 96 and then followed 95. Oil overshoots at the top and will overshoot at the bottom.. Think Post 2008 147$ oil,, we went under 40 a bbl...
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| 15 min CL_F |
Sunday, February 27, 2011
Thursday, February 24, 2011
Wednesday, February 23, 2011
Tuesday, February 22, 2011
Will The Nasdaq 2320 Level Hold? (QQQQ)
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Nasdaq 5 min |
I would have love to of traded Monday with a cash market open and crude oil surging 6% but the market gods did not shine down on me.. Though they did today as we came to find out..
The Spoos ended the day down over 28 handles the most it has traded down in months in a single day... The real story was over in the nasdaq, off 2.75% nearly 75 grueling handles down weighted down by APPLE, GOOG and AMZN weakness. Looks like the Libya tensions were an excuse to take profits in
-{Full Article}-
Zimmer Holdings Vol Bet Placed (ZMH)
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ZMH 5 min
Interesting bet placed in Zimmer Holdings.. ZMH... a trader sold 35k out of the money calls for 80c in the 65 march calls... A few minutes later the trader hedged his trade buying up 1.1 mil shares... This had to of been a pre-arranged trade no way their were 1.1 mil shares offered at the price... Someone with a bio tech book took this trade on...
I have seen commercials on TV talking about a ZMH knee replacement class action suit... I am not saying this is related.. though the trade is hedged, he will probably sell some stock as it comes in... this is a trade to watch.
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Monday, February 21, 2011
Sunday, February 20, 2011
Libya & Bahrain Sending Crude Higher (USO)
Update.. welcome to monday night.... Crude playing with fire...
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| ES_F 15 min... Orignal post... |
Welcome to Sunday night... Crude futures are up over 2%... Watch the 91.50 level for support, if it breaks a test of 91 could be in order...over 91.70 could put 92 in sights before the AM..
Friday, February 18, 2011
Thursday, February 17, 2011
Two Charts I am Watching Into The AM: DOLLAR & SPOOS (SPY)
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| Spoos 5 min .. |
The chart below is the Dollar. The 78 level is the line in sand, below will send equities and gold higher on as inflation geared correlation algo's churn away.. The macro global asset tug of war continues.
-{Full Article}-
Gold Chart I am Watching Into The Close (GLD)
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| Gold 1 min |
Hollar @economicburn.com
Netflix Poised To Make Move. But Where? (NFLX)
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| NFLX 30 min |
Oh and by the way 1339 traded on the S&Ps..
Wednesday, February 16, 2011
SunPower: Updated Chart up 4% From Yesterday (SPWRA)
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| SPWRA 5 min.. |
Watch apple at 360 tomorrow.. a breach could trigger stops.. Apple is 20% of the NDX 100..
Was 1336 ES_F the top? ... or is tonight a great BTFD opportunity...
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| AZO 1 min |
